13F-HR 1 c49385e13fvhr.txt 13F-HR UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: 12/31/2008 Check here if Amendment [ ]; Amendment Number: __________ This Amendment (check only one.) : [ ] is a restatement. [ ] adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Howe Barnes Capital Management, Inc. Address: 555 Market St. 18th Floor San Francisco, CA 94105 Form 13F File Number: 28-__________ The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Daane Etheridge Title: Advent/Axys Specialist Phone: (312) 655-2740 Signature, Place, and Date of Signing: By: /s/ Daane Etheridge City: San Francisco, CA 12/31/2008 --------------------------------- Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 172 FORM 13F INFORMATION TABLE

DU PONT E I DE NEMOURS& CO COM 263534109 222 8789 SH SOLE 8789 DUKE ENERGY CORP NEW COM 26441c105 1144 76236 SH SOLE 76236 E M C CORP MASS COM 268648102 173 16600 SH SOLE 16600 EVIRONMENTAL OIL PROCESSING TE COM 29407q100 0 75000 SH SOLE 75000 EXELON CORP COM 30161n101 554 9980 SH SOLE 9980 EXXON MOBIL CORP COM COM 30231g102 3409 42707 SH SOLE 42707 FAMILY DOLLAR STORES COM 307000109 482 18524 SH SOLE 18524 FARMERS & MERCHANTS BANK LONG COM 308243104 674 176 SH SOLE 176 FEDEX CORP DELAWARE COM COM 31428x106 2248 35051 SH SOLE 35051 FIRSTENERGY CORP COM 337932107 620 12772 SH SOLE 12772 GENENTECH INC COM 368710406 1964 23699 SH SOLE 23699 GENERAL ELECTRIC COM 369604103 3881 239618 SH SOLE 239618 GENERAL MILLS COM 370334104 1121 18458 SH SOLE 18458 GILEAD SCIENCES INC COM 375558103 966 18901 SH SOLE 18901 GLAXOSMITHKLINE PLC SPONSOREDA COM 37733w105 476 12788 SH SOLE 12788 GOOGLE INC CLA COM 38259p508 913 2970 SH SOLE 2970 GP STRATEGIES CORP COM COM 36225V104 45 10000 SH SOLE 10000 GRAINGER W W INC COM 384802104 527 6687 SH SOLE 6687 GROWERS DIRECT COFFEE COM COM 0 12000 SH SOLE 12000 GUINNESS TELLI-PHONE CORP COM 402035109 0 10000 SH SOLE 10000 HANCOCK JOHN TAX ADVANTAGEDIVI COM 41013v100 392 38069 SH SOLE 38069 HEWLETT-PACKARD CO DE COM 428236103 1303 35912 SH SOLE 35912 HOME DEPOT INC COM 437076102 285 12387 SH SOLE 12387 HONEYWELL INTL INC COM 438516106 227 6935 SH SOLE 6935 IMPERIAL OIL LTD COM NEW COM 214 6360 SH SOLE 6360 INDYMAC BANCORP INC N/C EFF 6/ COM 456607100 2 16266 SH SOLE 16266 INGERSOLL RAND CO LTDSHS A ISI COM g4776g101 486 28025 SH SOLE 28025 INTEL CORP COM 458140100 2532 172767 SH SOLE 172767 INTERNATIONAL BUSINESS MACHS C COM 459200101 2059 24475 SH SOLE 24475 ISHARES TR S&P GLOBALCLEAN ENE COM 464288224 213 10000 SH SOLE 10000 JOHNSON AND JOHNSON COM COM 478160104 4364 72950 SH SOLE 72950 JPMORGAN CHASE & CO COM 46625h100 480 15241 SH SOLE 15241 KELSO TECHNOLOGIES INC COM 0 10000 SH SOLE 10000 KIMBERLY CLARK CORP COM 494368103 341 6475 SH SOLE 6475 KKR FINL HLDGS LLC COM 48248a306 85 54103 SH SOLE 54103 KRAFT FOODS INC CLA COM 50075n104 770 28685 SH SOLE 28685 LABORATORY CORP AMER HLDGSCOM COM 50540r409 233 3625 SH SOLE 3625 LILLYELI & CO COM 532457108 397 9863 SH SOLE 9863 MC GRAW HILL COMPANIES COM 580645109 1275 55004 SH SOLE 55004 MCDONALDS CORP COM 580135101 877 14103 SH SOLE 14103 MEDTRONIC INC COM 585055106 691 22003 SH SOLE 22003 MICROSOFT CORPCOM COM 594918104 3601 185287 SH SOLE 185287

MONSANTO CO NEW DEL COM COM 61166w101 1032 14682 SH SOLE 14682 NATIONAL PATENT DEV CORP NEW C COM 637132101 41 32000 SH SOLE 32000 NETWORK EQUIP TECHNOLOGIES COM 641208103 28 10000 SH SOLE 10000 NOKIA CORP ADR COM 654902204 1772 113593 SH SOLE 113593 NSTAR COM COM 67019E107 416 11404 SH SOLE 11404 ORACLE CORPORATION COM 68389x105 12712 716983 SH SOLE 716983 35 2000 SH DEFINED 2000 PATTERSON COS INC COM 703395103 781 41700 SH SOLE 41700 PEPSICO INC COM 713448108 2164 39520 SH SOLE 39520 PFIZER INC DEL PV$0.05 COM 717081103 909 51348 SH SOLE 51348 PHILIP MORRIS INTL INCCOM COM 718172109 869 19976 SH SOLE 19976 PLUMAS BANCORP COM COM 729273102 97 12990 SH SOLE 12990 POWERSHS DB US DOLLAR DOLL IND COM 874 35400 SH SOLE 35400 PRE PAID LEGAL SVCS INC COM COM 740065107 1252 33600 SH SOLE 33600 PRECISION CASTPARTS CORP COM 740189105 478 8050 SH SOLE 8050 PROCTER & GAMBLE CO COM 742718109 5217 84390 SH SOLE 84390 PUB SVC ENTERPRISE GRP COM 744573106 414 14200 SH SOLE 14200 QUEST DIAGNOSTICS INC COM 74834l100 3467 66804 SH SOLE 66804 READING INTL INC CL A COM 755408101 4269 1083729 SH SOLE 1083729 10 2700 SH DEFINED 2700 RESEARCH IN MOTION LTD ISIN#CA COM 760975102 285 7039 SH SOLE 7039 ROHM & HAAS COM 775371107 522 8450 SH SOLE 8450 ROYAL DUTCH SHELL PLC CL AADR COM 780259206 1452 27444 SH SOLE 27444 S & P 500 DEPOSITORY RECEIPT COM 78462f103 201 2236 SH SOLE 2236 SAFEWAY INC COMNEW FMLYSAFEWAY COM 786514208 275 11600 SH SOLE 11600 SANSWIRE CORP COM COM 0 14000 SH SOLE 14000 SARA LEE CORP COM 803111103 290 29629 SH SOLE 29629 SCHLUMBERGER LTD ISIN#AN806857 COM 806857108 285 6736 SH SOLE 6736 SEI INVESTMENTS CO COM COM 784117103 4085 260077 SH SOLE 260077 SHERWIN WILLIAMS CO COM 824348106 230 3850 SH SOLE 3850 SOURCE CAP INC COM 836144105 2902 102608 SH SOLE 102608 SPRINT NEXTEL CORP COM FON COM 852061100 27 15005 SH SOLE 15005 ST JUDE MEDICAL INC COM 790849103 616 18705 SH SOLE 18705 STAPLES INC COM 855030102 4099 228772 SH SOLE 228772 STATE STREET CORP COM 857477103 694 17650 SH SOLE 17650 STERICYCLE INC COM 858912108 1147 22025 SH SOLE 22025 SURETY CAPITAL CORP-NEW COM 868666207 0 16600 SH SOLE 16600 SYSCO CORP COM 871829107 1909 83228 SH SOLE 83228 TARGET CORP COM COM 87612e106 1926 55787 SH SOLE 55787 TEMECULA VY BANCORP INC COM C COM 87972l104 110 117600 SH SOLE 117600 TEXAS INSTRUMENTS INC COM 882508104 1055 67980 SH SOLE 67980 THERMO FISHER SCIENTIFICINC COM 883556102 1011 29703 SH SOLE 29703

THOMSON REUTERS PLC SPONSORED COM 885141101 202 1488 SH SOLE 1488 TIME WARNER INC COM 887317105 116 11542 SH SOLE 11542 UCBH HLDGS INC COM 90262t308 1199 174275 SH SOLE 174275 UNILEVER N V ISIN#US9047847093 COM 904784709 212 8664 SH SOLE 8664 UNITED TECHS CORP COM COM 913017109 5886 109820 SH SOLE 109820 UNITEDHEALTH GROUP COM 91324p102 1301 48920 SH SOLE 48920 US BANCORP (NEW) COM 902973304 2639 105537 SH SOLE 105537 VERISIGN INC COM 92343e102 671 35205 SH SOLE 35205 VERIZON COMMUNICATIONS COM 92343v104 475 14033 SH SOLE 14033 WAL-MART STORES INC COM 931142103 495 8837 SH SOLE 8837 WALGREEN COMPANY COM 931422109 424 17200 SH SOLE 17200 WD 40 CO COM 929236107 642 22700 SH SOLE 22700 WELLS FARGO & CO NEW DEL COM 949746101 11608 393762 SH SOLE 393762 WESTERN UNION CO COM COM 959802109 230 16051 SH SOLE 16051 WILLIAMS SONOMA INC COM 969904101 118 15100 SH SOLE 15100 WINDSTREAMCORP COM COM 97381w104 124 13522 SH SOLE 13522 WING HANG BANK LTD SHS ISIN#HK COM Y9588K109 864 150000 SH SOLE 150000 WYETH COM 983024100 1529 40771 SH SOLE 40771 ZIMMER HLDGS INC COM 98956p102 1289 31905 SH SOLE 31905 ZIONS BANCORP COM COM 989701107 211 8643 SH SOLE 8643 BUCKEYE PARTNERS L.P LPUS 118230101 619 19200.000 SH SOLE 19200.000 CEDAR FAIR, L.P.DEP UNIT LPUS 150185106 430 34333.000 SH SOLE 34333.000 ENBRIDGE ENERGY PARTNERSLP LPUS 29250r106 221 8700.000 SH SOLE 8700.000 KINDER MORGAN ENERGY PARTNERSL LPUS 494550106 1560 34116.000 SH SOLE 34116.000 BARCLAYS BK PLC REVRS CV LKD 0 PRD 504 25000 SH SOLE 25000 MAGNETIC PULSE INC PFD SER C PRD 558998951 12 12000 SH SOLE 12000 US BANCORP DEL PFD1/1000SER D PRD 213 8000 SH SOLE 8000 ISHARES TR DOW JONES US CONSUM 464287812 499 10782.8791 SH SOLE 10782.8791 ISHARES TR DOW JONES US CONSUM 464287580 391 9244.6994 SH SOLE 9244.6994 ISHARES TR DOW JONES US ENERGY 464287796 658 23250.8654 SH SOLE 23250.8654 ISHARES TR DOW JONES US HEALTH 464287762 1048 19533.2948 SH SOLE 19533.2948 ISHARES TR DOW JONES US INDL S 464287754 994 23100.7989 SH SOLE 23100.7989 ISHARES TR DOW JONES USTECHNOL 464287721 1211 34283.6372 SH SOLE 34283.6372 ISHARES TR MSCIEAFE INDEX FD 464287465 878 19579.1634 SH SOLE 19579.1634 ISHARES TR MSCIEMERGING MKTS I 464287234 315 12615.1972 SH SOLE 12615.1972 ISHARES TR NASDAQ BIOTECHNOLOG 464287556 940 13238.7077 SH SOLE 13238.7077 ISHARES TR RUSSELL 2000INDEX F 464287655 470 9545.2763 SH SOLE 9545.2763 ISHARES TR RUSSELL MIDCAPINDEX 464287499 666 11166.7777 SH SOLE 11166.7777 ISHARES TR S&P EUROPE350 INDEX 464287861 727 23350.1952 SH SOLE 23350.1952 SECTOR SPDR TR SHS BENINT FINA 81369y605 1018 81362.2363 SH SOLE 81362.2363 SPDR SER TR S&PBIOTECH ETF 78464a870 1454 27126.0000 SH SOLE 27126.0000

Howe Barnes Capital Management, Inc. 13F-HR